South Korea card payments market to reach almost $1 trillion in 2024
The South Korean card payments market is forecast to reach almost $1 trillion supported by high consumer preference for electronic payments.
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Tag: research
Facebook outpacing rivals in social media shopping usage
Facebook is far outpacing its rivals when it comes to social media shopping usage in the US and the Uk.
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Open banking payments to outpace BNPL and crypto over next five years
Open Banking will likely be a more popular payment method that Buy Now Pay Later and Crypto in five years time, according to new emerchantpay research.
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Report: 52% of UK shoppers buy cross-border
Over half of consumers across the UK and US have made a cross-border purchase from an e-commerce store in the last 12 months.
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Delivery concerns cost online retailers £34.4bn in losses in 2023, study finds
More than one in four online transactions are being abandoned at checkout, amid financial strain.
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UAE retail sector is losing millions on payments fraud, report finds
The retail sector globally lost $429 billion to fraud in 2023 while in the UAE, businesses on average encountered losses of approximately AED 11 million.
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“Conversational experiences are rapidly spreading across the Middle East”
Conversational customer experiences and generative AI is having a significant impact on interactions between people and brands in the MENA region, according to new research by Infobip
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7 trends that show how consumer purchasing behaviour is changing
A new survey commissioned by CR Voyix Corporation has explored how dining, grocery and fuel convenience purchase behaviour in the U.S. is changing. Among its findings, the first Digital Commerce Index has revealed 7 trends including a key difference between the shopping habits of young and old consumers.
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Failed payments could cost subscription companies more than $129 billion in 2025 – Recurly
Companies are facing leaving a projected estimate of $129 billion on the table from involuntary churn alone in 2025 due to complexities of recurring billing and payments.
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7 key insights into payments across Europe – BearingPoint
Cash is the primary form of payment across Europe, being most frequently used in Austria and Germany and least frequently used in Finland.
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AI regulation is top of mind for UAE businesses, new research reveals
Alteryx, Inc. the Analytics Cloud Platform company has released findings from new independent research revealing the key AI plays that will shape enterprises of the future.
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Shoppers prefer to save time over money, finds Swiss retail study
A new Swiss retail survey by the Gottlieb Duttweiler Institute (GDI) has outlined four critical steps to make the retail experience more attractive with consumers no longer seeing it as an enjoyable activity.
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New data reveals hiring trends for global AI-based roles
Hiring for global AI-based roles has increased significantly in the last year reflecting the rapid spread of the phenomenon across the world of commerce in both the GCC and beyond.
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Black Friday 2023 in MENA: What to expect and how to maximize sales
Admitad partner network is predicting a 35% jump in online sales for Black Friday in MENA this year. It has also highlighted the types of products that will be most in demand as well as the channels that can help brands find new customers.
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5 surprising truths about consumers according to new research from Bain & Company
With an increasingly environmentally conscious base of consumers and employees in the GCC, new research from Bain & Company has revealed several surprising truths about consumers, dispelling some common misperceptions.
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One in five now make payments using Open Banking, says Moneyhub
Moneyhub’s research comes following figures showing that Open Banking payments hit a milestone earlier this year, reaching 11.78 million transactions in September.
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Over 1.5 billion digital identity wallets will be in use by 2029 – Goode Intelligence
Over 1.5 billion digital identity wallets are predicted to be in use by 2029 as the global market for both government and commercial issued digital identities continues to grow.
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Uplo: Cash usage in MENA region has halved in last five years
Cash usage in the Middle East and North Africa (MENA) region has halved in the last five years, online retail management company Uplo has revealed in their latest annual report.
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Swift releases the results of its blockchain experiments
Financial messaging system Swift has released results from a series of experiments, which, it says is evidence that its infrastructure can help the transfer of tokenised value across multiple public and private blockchains.
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China continues to lead global e-commerce market with expected $2.2 trillion sales in 2023, says GlobalData
China accounted for 33.9% share in the global e-commerce market in terms of payments value in 2022. It was followed by the US with $1.8 trillion while the UK stood at a distant third with $287.4 billion.
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